Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/219564
Authors: 
Balcerzak, Adam P.
Rogalska, Elzbieta
Year of Publication: 
2014
Series/Report no.: 
Institute of Economic Research Working Papers 2/2014
Abstract: 
Last global financial crisis resulted in common among developed countries implementation of expansionary fiscal policy as an anti-recession tool. This led to the renewal of academic discussion on stabilization effectiveness of fiscal policy. In this context, the main research goal of this paper is to give theoretical analysis of the determinants of counter-cyclical effectiveness of fiscal policy with special concentration on crowding out and crowding in effects. Methodologically the analysis is done within Keynesian IS-LM framework within the assumption of expectations of economic actors. The theoretical analysis is confronted with the review of empirical papers based on the experiences of developed countries.
Subjects: 
fiscal policy
crowding out
crowding in
stabilization policy
JEL: 
E62
H31
H32
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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